Month: September 2016

A GREAT INVESTMENT OPPORTUNITY… A Victorian three bedroom semi detached property in need of modernisation throughout. Offering a LARGE PLOT with spacious living accommodation and situated in a sort after location in Woodley.

This property has just come on the market with ourselves in need of some work but when finished we would expect to achieve £795 pcm with a yield of 5.6%.

Also, due to the property needing work we believe that you will make some instant capital growth.

This one could save you a lot on buying costs to buy in one hit, with three apartments up for sale. Two of which are duplex apartment all with allocated parking and finished to a good standard throughout.

Currently yielding £24,600 pa all apartments on short hold tenancy agreements but with the potential to yield £26,640.

It is on the market with ourselves and the owner is willing to listen to offers so if your interested please call me on 0161 427 0755.

All housing markets are heavily affected by how efficiently the housing stock is used. Some areas have lots of people in relatively small properties and others have a few people knocking around in very large properties, often empty nesters. This infographic shows what the pattern looks like in SK6.

A superb opportunity to acquire a great investment property with the potential yield of £7,800 per year. In need of modernisation throughout but offering spacious accommodation with a well proportioned rear garden.

In brief the property offers to the ground floor, well proportioned living room with focal fireplace leading through into the spacious dining room with built in cupboard space and additional storage under the stairs. The kitchen offer ample work surface and storage space with views over the rear garden. The first floor reveals two double bedrooms with the master being exceptionally large and three piece bathroom suite.

Externally there is a rear garden which is mainly laid to lawn. A GREAT INVESTMENT OPPORTUNITY.

Raising funds for Marple Skatepark Project, this is a great cause and is sure to be a great night.

All works have been donated by local artists and photographers. It’s Friday 14th October, the evening will have local musicians and a bar opening at 7pm with the auction starting at 7:30. More details below.

Looking at a monthly breakdown of activity over the last 12 months we can see some interesting patterns in SK6. While there was an expected amount of volatility from month-to-month, transactions were 21.0% higher for all property types at the start of the period than at the end.

Over the last year, every property that was sold in SK6 has fallen into one of six price bands. We’ve displayed them as a pie chart to illustrate quite how interesting this pattern is. Perhaps unsurprisingly the price band which represents the biggest slice of the cake was the £100k-£200k price band (49.3% of all sales).

In SK6, the streets where homes sell fastest and command the highest price-per-square-foot aren’t always the most lavish, they’re the ones that are the best-connected. After all, there’s a reason why the most popular property programme on TV is called Location, Location, Location.

As your local agents, we’re often asked all sorts of questions regarding our market, but the most common question is always “which is the best part of Marple and The Bridge to live in these days?”, particularly from newcomers. Of course, the answer is different for each client because of things like their family situation, age and hobbies etc. But one of the primary requirements for most buyers is ease of access to public transport. Many of us regularly use public transport so we don’t want to live a million miles away from our local station if we have to commute into work each day.

Public transport is actually becoming increasingly important as the costs associated with car travel continue to rise and roads are becoming more congested. This has resulted in a huge surge in rail travel. In fact, in Britain, passengers made 1.32 billion train journeys in 2010 (according to the Association of Train Operating Companies), a rise of 37% in a decade and the most since the 1920s.

Location has a huge effect on the price and saleability of a home, and in our experience houses and flats close to a train station always sell and rent quickly. To illustrate the point we did some spatial interpolation of property price data, also known as number crunching! Our analysis showed that properties within 1km of Marple Station attract a premium of 19.3% over those 2km away, with current average sold price sitting at £302,400 compared with £253,500. This means that for every 250m you live closer to the station, the average property price rose by £12,200. If that doesn’t convince you that stations matter, we don’t know what will.

It affects the rental market, too. If you’re an investor looking for a buy-to-let property, or a renter looking for your next home, the distance to and from the station is extremely important. One of the first things renters do when searching for somewhere to live is look at the nearest station’s proximity to the property. That’s why Rightmove displays the distance to the station alongside each listing. Ideally renters want a speedy commute to their work or university, and they want an even speedier walk from their home to the nearest station.

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About the blog

This blog follows the property and buy to let market in Marple, The Bridge, Mellor and Compstall. You’ll find insight, commentary and analysis that relates specifically to SK6, along with the latest investment deals from all agents in the area.

jonathan hyde – the author

I have always worked in property and originally opened and head up Julian Wadden Marple. I am passionate about our area, so if you have any property related questions, whether buying, selling, letting out or just curious about what’s happening this very moment in the Marple, Marple Bridge, Mellor and Compstall property market then just pop into my office, alternatively call or e-mail me. I look forward to hearing from you and having a chat.